AI Earnings Predictions for Noodles & Company (NDLS)

EX-99.1

2 a2026q2ex991pressrelease.htm

EX-99.1 NOODLES & COMPANY EARNINGS PRESS RELEASE DATED JULY 24, 2026

Document

Exhibit 99.1

Noodles & Company Announces Second Quarter 2026 Financial Results

Second Quarter 2026 Comparable Restaurant Sales Increased 10.3% System-Wide

Broomfield, Colo., July 24, 2026 (GLOBE NEWSWIRE) - Noodles & Company (Nasdaq: NDLS) today announced financial results for its second quarter ended June 30, 2026.

Key highlights for the second quarter of 2026 versus the second quarter of 2025 include:

•Total revenue increased 0.5% to $127.0 million from $126.4 million.

•Comparable restaurant sales increased 10.3% system-wide, comprised of an 11.4% increase at company-owned restaurants and a 5.5% increase at franchise restaurants.

•Net loss was $4.0 million, or $0.67 loss per diluted share, compared to net loss of $17.6 million, or $3.04 loss per diluted share, in the second quarter of 2025.

•Operating margin was (1.2)% compared to (11.7)% in the second quarter of 2025.

•Restaurant contribution margin(1) was 17.2% compared to 12.8% in the second quarter of 2025.

•Adjusted EBITDA(1) increased 79% to $10.8 million compared to $6.0 million in the second quarter of 2025.

(1)    Restaurant contribution margin and adjusted EBITDA are non-GAAP measures. Reconciliations of operating income (loss) to restaurant contribution margin and net loss to adjusted EBITDA are included in the accompanying financial data. See “Non-GAAP Financial Measures.”

Joe Christina, President and Chief Executive Officer of Noodles & Company, remarked, “We are extremely pleased with our second quarter results with system-wide comparable restaurant sales increasing over 10%, an equally impressive 440 basis point year over year improvement in restaurant margin to 17.2%, and a near 80% increase in Adjusted EBITDA, which has more than doubled year to date compared to the same period last year. Significantly increased comparable restaurant sales, and the commensurate improvement in margins and Adjusted EBITDA, have also strengthened our financial flexibility as we’ve been able to generate positive free cash flow and reduce our debt balance. Given our results to date and our outlook for the second half of the year, we have raised our fiscal 2026 guidance for revenue, margins and Adjusted EBITDA. When combined with our expectation to further pay down debt with free cash flow, we now expect our year end debt balance to be at or below three times 2026 Adjusted EBITDA.”

Christina continued, “Our second quarter sales continued a trend of seven consecutive fiscal quarters of positive comparable restaurant sales growth as well as strong traffic growth, which have both far exceeded the fast casual Black Box index for the last twelve months. The strong sales performance has continued into the third quarter with quarter to date company-owned comparable restaurant sales up approximately 10%. These results reinforce that the momentum at Noodles & Company is sustainable and our strategies are working well. The combination of better execution by our team members, improved menu offerings, more effective marketing, and the success of our portfolio optimization program are all working together to deliver impressive financial results. I'm incredibly proud of our teams and grateful for everything they've done to get us to this point. Given our plans for further menu innovation and continuing our focus on additional improvement in all areas, we are very excited for what lies ahead for Noodles & Company.”

Liquidity Update

As of June 30, 2026, the Company had available cash and cash equivalents of $1.3 million and outstanding debt of $105.4 million. The amount available for future borrowings under its revolving credit facility was $16.6 million as of June 30, 2026.

Business Outlook

Based upon management’s assessment of recent trends, the Company is raising its revenue, restaurant level contribution margin and Adjusted EBITDA guidance for fiscal year 2026. The following is expected for the full year 2026:

•Total revenue of $485 million to $500 million, including comparable restaurant sales growth of 8.0% to 11.0%;

•Restaurant level contribution margins of 16% to 17.0%;

•General and administrative expenses of $51 million to $54 million, inclusive of stock-based compensation expense of $2.5 million to $3.0 million;

•Depreciation and amortization of $24 million to $25 million;

•Net interest expense of $10 million to $11 million;

•Adjusted EBITDA of $34 million to $38 million;

•One new franchise restaurant opening;

•Restaurant closures: 30 to 35 company-owned restaurants and five franchised restaurants; and

•Capital expenditures of $9 million to $10 million.

Strategic Review

On September 3, 2025, the Company announced that its Board of Directors had initiated a review of strategic alternatives in order to explore ways to maximize stockholder value. The review includes a range of potential strategic alte

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